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Richard Stewart

richard@2693457000.com +1(269) 217-0411

$ 25,000

Est. payment | -/mo

3 Beds

1 Bath

1,034 SqFt

Save

$ 25,000

Est. payment | -/mo

Save

3 Beds

1 Bath

1,034 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 1,034 sqft

Price per Sqft $24

Municipality Pontiac

Subdivision Pontiac

MLS Listing ID 20261068221

Bedrooms 3

Full Baths 1

Year Built 1875

Annual Tax Amount $788

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 94.2X120

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

Calling all investors, rehabbers, contractors and cash buyers! Here's an opportunity to pick up a 3-bedroom, 1-bath Pontiac property for only $20K with significant value-add potential.The home offers approximately 1,034 sq. ft. on a 0.26-acre lot and has already been gutted down to the studs. Much of the demolition is complete, giving the next investor a blank canvas for a full renovation.DEAL SNAPSHOT?? Purchase Price: $20,000?? Estimated ARV: Approx. $170,000?? Gross Spread Before Rehab & Expenses: $150,000?? 3 Bedrooms | 1 Bathroom?? Approx. 1,034 Sq. Ft.?? Approx. 0.26-Acre Lot?? Full Gut RehabTHE OPPORTUNITYThis is not a cosmetic rehab. The property requires a substantial renovation and is best suited for an experienced investor or contractor.Potential strategies include:Fix & FlipBRRRRRenovate & HoldLong-Term RentalAt a $20,000 acquisition price, investors have considerably more room to account for renovation and carrying costs while working toward the property's projected finished value.Property sold strictly AS-IS. Seller will make no repairs. Cash or appropriate investor/renovation financing preferred.Buyer and buyer's agent to independently verify all information, including property condition, square footage, lot dimensions, taxes, utilities, zoning, permits and renovation requirements.Estimated ARV is provided for investment analysis purposes only and is not a guarantee of appraisal, resale price or investment return.

Location

State MI

County Oakland

Direction take orchard lake road and make a right on to palmer house located on the left on corner of south and palmer

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Exterior

Parking Features Detached

Garage Spaces 1.5

View Y/N No

Garage Yes

Building

Story 2

Sewer Public

Water Public

Structure Type Vinyl Siding

Schools

School District Pontiac

Others

Tax ID 1432108020

Acceptable Financing Cash

Listing Terms Cash

Listed by EXP Realty Main

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(269) 217-0411

richard@2693457000.com

828 Portage St, Kalamazoo, MI 49001, United States

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Licensing & Affiliation Disclosure: > Richard Stewart is the Principal Broker of REO Specialists, L.L.C. and an Associate Broker with Real Broker LLC. All real estate brokerage activities are conducted in compliance with Michigan licensing laws. Richard Stewart’s Equity Recovery Program is a professional real estate service and does not provide legal or tax advice. Homeowners should consult with legal counsel regarding their specific rights during the Michigan foreclosure redemption period.

138 Palmer Street Pontiac, MI 48341